Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 394.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,547 shares of the company's stock after buying an additional 250,145 shares during the period. Two Sigma Investments LP owned approximately 0.50% of Mohawk Industries worth $37,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $41,000. R Squared Ltd acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $66,000. Huntington National Bank raised its position in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after purchasing an additional 119 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $85,000 after purchasing an additional 501 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Mohawk Industries during the 4th quarter worth $88,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday, February 10th. Barclays reduced their price objective on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Royal Bank of Canada lowered their target price on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Loop Capital dropped their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.00.

Mohawk Industries Price Performance

Shares of NYSE MHK traded down $1.20 during trading on Monday, hitting $101.12. 375,688 shares of the company were exchanged, compared to its average volume of 754,162. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.44 and a beta of 1.24. The firm's fifty day moving average price is $107.16 and its 200 day moving average price is $118.67.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.40% of the company's stock.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.